226 OAK STREET, Greater Sudbury (Sudbury)

$1,240,000

For sale: Multiplex

Multiplex at 226 OAK STREET, Greater Sudbury (Sudbury)
Property type
Multiplex
Bedrooms / bathrooms
10 bedrooms, 6 bathrooms
Living area
5,000 sqft
MLS®
MLS® X12874250
Neighbourhood
Sudbury

Excellent investment opportunity! This solid all-brick 6-plex is located in the highly desirable West End and is fully rented, offering immediate and stable rental income. The building features two 1-bedroom units and four 2-bedroom units, appealing to a strong tenant base. Property includes coin-operated laundry providing additional income and individual storage for each unit. 6 parking spots in the rear of the building. Efficient gas boiler heating system, one of the most economical heating options for this type of building. Well-maintained property with great potential for future improvements and value growth. A great opportunity for investors looking to add a stable, income-producing property to their portfolio.

Sold data

Homes in Greater Sudbury (Sudbury) — recent sold market

Homes in Greater Sudbury (Sudbury) took a median of 22 days to sell over the last 365 days, with the quickest quarter selling within 10 days and the slowest quarter taking more than 49, across 68 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 35 days.

The median sale price was $672,450.

Homes sold for about 1.2% below asking on average, so there was room to negotiate.

About 34% of sales closed above the list price.

Around 16% of sellers reduced their price before finding a buyer.

Median days to sell
22
Median sale price
$672,450
Sale-to-list ratio
98.8%
Sold above asking
34%

Based on 68 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Greater Sudbury (Sudbury)

Greater Sudbury (Sudbury) has 1 Fraser Institute–rated school (1 elementary).

Rated schools
1
Elementary
1

Top-rated schools in Greater Sudbury (Sudbury)

  • George Vanierelementary, Greater SudburyFraser rating 5.8/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 226 OAK STREET